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(ELECON) Elecon Engineering complete technical analysis [charts+indicators] | Buy/Sell Elecon Engineering | (ELECON) share price targets

Complete technical analysis of Elecon Engineering (ELECON) by charts plus indicators, forecast predictions and share price targets for Elecon Engineering (ELECON)

Elecon Engineering trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2024-08-29 View latest technical analysis

10 day averaged volume of Elecon Engineering is 233502

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	615.15	610.20	618.65	610.20	0.583 times
28 Wed Aug 2024	615.85	620.50	621.10	610.95	0.851 times
27 Tue Aug 2024	617.00	610.20	619.50	607.30	1.098 times
26 Mon Aug 2024	610.20	616.50	616.50	606.75	0.946 times
23 Fri Aug 2024	610.95	609.15	614.00	605.00	0.773 times
22 Thu Aug 2024	607.00	611.70	613.35	600.60	1.297 times
21 Wed Aug 2024	612.65	608.90	615.00	604.80	0.863 times
20 Tue Aug 2024	610.40	608.90	616.55	606.00	0.869 times
19 Mon Aug 2024	605.30	608.00	611.10	604.75	1.206 times
16 Fri Aug 2024	605.55	602.95	611.15	593.45	1.141 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 618.4 as stoploss in an intra day sell trade for a target of 602.36. However, stock will show a bullish move above 618.4.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Downside Target	600.60
Upside Target	642.00
Upside Target	652.00
Upside Target	920.05
Upside Target	954.00
Upside Target	954.75
Upside Target	1188.60
Upside Target	1245.00
Upside Target	1380.00
Upside Target	1409.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	607.57
Downside Intraday Target	599.98
Upside Intraday Target	621.92
Upside Intraday Target	628.68
Downside Intraday Target	614.33

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	615.15	616.50	621.10	606.75	0.694 times
23 Fri Aug 2024	610.95	608.00	616.55	600.60	0.936 times
16 Fri Aug 2024	605.55	579.80	613.65	565.70	0.437 times
09 Fri Aug 2024	582.00	590.10	601.90	562.00	1.07 times
02 Fri Aug 2024	608.40	631.50	652.00	602.05	0.702 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Elecon Engineering (ELECON)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	615.15	634.70	642.00	562.00	0.38 times
31 Wed Jul 2024	630.10	1302.00	1409.00	582.00	1.262 times
28 Fri Jun 2024	1322.10	1180.00	1380.00	954.00	2.263 times
31 Fri May 2024	1109.10	1138.05	1188.60	920.05	0.839 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Elecon Engineering (ELECON)

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elecon Engineering ( (ELECON) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Elecon Engineering stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Elecon Engineering in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elecon Engineering Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Elecon Engineering in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Elecon Engineering is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 610.48 and Elecon Engineering (ELECON) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Elecon Engineering (ELECON) stock. Volume based technical analysis of Elecon Engineering (ELECON) stock is negative.

Elecon Engineering Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.